Special high rate of 27% applied to telecoms, domestic gas supplies, water and industrial energy users.

Armenia

20%

0%

VAT

Australia

10%

0%

GST

Austria

20%

0% 10% 12%

VAT

Azerbaijan

18%

VAT

B

Standard Rate

Reduced Rate

Tax System

Notes

Bahamas

N/A

N/A

VAT to be introduced on 1 July 2014 at a standard rate of 15% and a reduced rate of 10%

Bahrain

N/A

N/A

Bangladesh

15%

0% 1.5% 2.25% 4.5% 5% 9%

VAT

15% VAT is applicable for all business or industrial units with an annual turnover of Taka 2 million and above

Barbados

17.50%

0% 7.5%

VAT

Belarus

20%

10%

VAT

24% white sugar, 0.5% diamonds from Russia and 0%

Belgium

21%

0% 6% 12%

VAT

Belize

12.5%

GST

Benin

18%

VAT

Bhutan

5% 50%

Sales Tax

Most common rate is 20%

Bolivia

13%

VAT

Bosnia and Herzegovina

17%

0%

VAT

Botswana

12%

0%

VAT

Brazil

17%

ICMS

Multiple-rate system with tax levied at State and Federal levels. Brazilian State VAT (ICMS) levied at rates ranging from 7% to 25%, with average rate of 17% (e.g. rate in Sao Paulo is 18%). National VAT (IPI) also levied with average rate of 20%.

Brunei Darussalam

N/A

N/A

Bulgaria

20%

0% 9%

VAT

Burkina Faso

18%

VAT

Burundi

18%

VAT

C

Standard Rate

Reduced Rate

Tax System

Notes

Cambodia

10%

VAT

Canada

5%

0%

GST

Cape Verde

15%

6%

VAT

Central African Republic

19%

5%

VAT

Chad

18%

VAT

Chile

19%

VAT

China

17%

0% 13%

VAT/Business Tax

VAT essentially applicable to supplies of goods together with a small number of services related to manufacturing processes. Business Tax applies to supplies of services.

Colombia

16%

0% 1.6% 10%

VAT

Comoros

0% 3% 5% 15% 25%

VAT

Congo, Democratic Republic of the

0% 3% 6% 9% 13% 15% 18% 30%

Sales Tax

Main sales tax rate is 13%

Congo, Republic of the

16%

VAT

Costa Rica

13%

5% 10%

VAT

Croatia

25%

5% 13%

VAT

Cuba

2.5% 5% 7.5% 10% 15% 20% 25%

Sales Tax

Cyprus

19%

0% 5% 9%

VAT

Czech Republic

21%

15%

VAT

D

Standard Rate

Reduced Rate

Tax System

Notes

Denmark

25%

0%

VAT

Djibouti

1% 13% 26%

Sales Tax

Dominica

15%

10%

VAT

Dominican Republic

18%

0%

VAT

E

Standard Rate

Reduced Rate

Tax System

Notes

Ecuador

12%

0%

VAT

Egypt

10%

5%

Sales Tax

Certain items taxed at 5%-30%

El Salvador

13%

VAT

Equatorial Guinea

15%

6%

Sales Tax

Eritrea

3% 5% 10% 12%

Sales Tax

Estonia

20%

0% 9%

VAT

Ethiopia

15%

VAT

F

Standard Rate

Reduced Rate

Tax System

Notes

Fiji

15%

0%

VAT

Finland

24%

0% 10% 14%

VAT

France

20%

2.1% 5.5% 10%

VAT

G

Standard Rate

Reduced Rate

Tax System

Notes

Gabon

18%

10%

VAT

Gambia

15%

Sales Tax

Georgia

18%

VAT

Germany

19%

0% 7%

VAT

Gibraltar

N/A

N/A

Greece

23%

0% 6.5% 13%

VAT

Grenada

15%

0% 10%

VAT

Guam

4%

Sales Tax

Guatemala

12%

0%

VAT

Guernsey

N/A

N/A

Guinea

18%

VAT

Guinea-Bissau

15%

VAT

Guyana

16%

VAT

H

Standard Rate

Reduced Rate

Tax System

Notes

Haiti

10%

Turnover tax

Honduras

15%

0%

Sales tax

There is a VAT rate of 18% on certain goods (alcoholic beverages and tobacco).

Hong Kong

N/A

N/A

Hungary

27%

0% 5% 18%

VAT

I

Standard Rate

Reduced Rate

Tax System

Notes

Iceland

25.50%

0% 7%

VAT

India

12.50% to 15%

0% 1% 4% 5%

VAT

VAT applies to goods and was introduced in 21 states on 1 April 2005. Sales tax and other local taxes to be phased out. Service tax is a federal levy and applies to the sale of services.

Indonesia

10%

VAT

Iran

5%

N/A

Iraq

N/A

N/A

Ireland

23%

0% 4.8% 9% 13.5%

VAT

The 9% VAT rate on tourism-related activities was due to expire on 31 December 2013, however this has now been postponed.

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